Day: March 28, 2025

Inflation Galore Now: Fed Started Rate Cuts at the Low Point 6 Months Ago, just as Inflation Began to Resurge

Energy News Beat Core PCE price index jumps MoM by most in 13 months on Non-Housing Services. Recreational Services blow out. Durable Goods continue 6-month trip out of deflation. By Wolf Richter for WOLF STREET. The inflation measure released today – the PCE price index favored by the Fed as yardstick for its inflation target – dished up […]

Atlantic LNG shipping rates, European prices down

Energy News Beat “Spark30S (Atlantic) freight rates experienced a significant week-on-week drop for the first time in two months, decreasing by $2,750 to $28,350 per day,” Spark’s data lead, Qasim Afghan, told LNG Prime on Friday. He said that Spark25S (Pacific) rates “remained relatively steady this week at $27,500 per day.” In January and February 2025, […]

China Halts Panama Port Sale to BlackRock

Energy News Beat March 28 (Reuters) – Hong Kong conglomerate CK Hutchison, led by tycoon Li Ka-shing, will not sign a deal next week to sell its two strategic ports at the Panama Canal to a BlackRock-led group, the South China Morning Post reported on Friday. The deal was expected to be signed on April […]

Oil Poised for Third Weekly Gain Ahead of Trump’s Tariffs

Energy News Beat Oil headed for a third weekly advance as the market braces for more tariffs from the Trump administration. Brent traded near $74 a barrel after closing 0.3% higher on Thursday, while West Texas Intermediate was close to $70. Tariffs on auto imports and so-called reciprocal levies are among US measures due next week, part of a developing global trade […]

Challenging The ‘Climate Crisis’ Narrative

Energy News Beat ENB Pub Note: The climate crisis is a political tool for wealth transfer from the rich to the extremely rich. When people wake up and understand that the UN, WHO, and WEF are only trying to control the global population, they will be able to understand that they have done more harm […]

Trump Proposes 25 Percent Automobile Tariffs

Energy News Beat ENB Pub Note: This article, written by Alexandra Sharp, has some interesting data points. I, for one, am behind President Trump’s tariff right sizing. It is interesting to get a global view of the impact of President Trump’s policies. So few Americans really understand the tariffs and trade barriers that have been […]

ABC News Ignores Urban Heat Island Effect On Early Cherry Blossoms, Blames Climate Change

Energy News Beat ENB Pub Note: For way too long, energy policies have been tied to faulty reporting and opinions from the main stream media. They are running out of things to complain about, but when a wolf is in the corner, they tend to bite. So let’s see what the climate activists bite on […]

Alaskan Tribes ‘Applaud’ Interior’s Move To Restore Oil And Gas Leasing

Energy News Beat ENB Pub Note: Alaska is very dear to my heart with all of my trips to Alaska and my Grandfather being attributed for being a major discovering geologist of the North Slope formations, it is great to see the Alaskan natives in positive support of the drilling programs. Oil and gas mean […]

Maine’s Climate Lawfare Heats Up: New Bill Seeks To End AG’s Anti-Fossil-Fuel Lawsuit

Energy News Beat A new Maine bill aims to end AG Frey’s climate lawsuit against big oil, prioritizing the state’s well-being over politically driven battles. ​The battle over climate lawfare in Maine is heating up. State Representative William Tuell (R-East Machias) introduced LD 635 last month, a bill designed to put an end to Attorney […]

Supreme Court Rejects Appeal In Youth-Led Climate Lawsuit

Energy News Beat After multiple appeals, the Supreme Court declined to hear a youth-led lawsuit claiming the U.S. government worsened climate change. ​ The U.S. Supreme Court on March 24 declined to hear an appeal in a [2015] lawsuit led by minors that alleged the U.S. government has unconstitutionally deprived the children of rights to […]